Global Neurology Ultrasonic Aspirators Market – Industry Trends and Forecast to 2029

Global Neurology Ultrasonic Aspirators Market, By Type (Standalone, and Integrated), By Application (Hospital, and Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029

Market Analysis and Size

According to the National Brain Tumor Society, 78,890 new instances of benign and malignant tumors were discovered in the United States in 2018. The neurology ultrasonic aspirator is surgical equipment that dissects tissues and aspirates the operative field using low-frequency ultrasonic vibrations. Neurology ultrasonic aspirators used to remove brain tumors, according to the National Center for Biotechnology Information (NCBI). Cavitron Ultrasonic Surgical Aspirator (CUSA), for example, is meant to remove brain tumors without harming vital tissues.

Data Bridge Market Research analyses that the neurology ultrasonic aspirators market which was USD 341.00 million in 2021, would rocket up to USD 535.35 million by 2029, and is expected to undergo a CAGR of 5.80% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

A neurology ultrasonic aspirator is a surgical or, more typically, an operational tool that uses low-frequency ultrasonic vibrations to dissect tissues. The most flexible and user-friendly instrument for smooth management of soft tissue is the neurology ultrasonic aspirator, which is used to remove brain tumors. It enables dissection of the fragile brain structure in close proximity to fine bone.

Report Scope and Market Segmentation

Neurology Ultrasonic Aspirators Market Dynamics

Drivers

• Increase in number of deaths due to brain tumor

The number of deaths due to brain tumors is driving the global neurology ultrasonic aspirators market. According to the National Brain Tumor Society, 16,616 deaths related to brain tumours are documented each year worldwide. According to the American Society for Clinical Oncology, brain and other nervous system tumours are the 10th largest cause of mortality in both men and women. In addition, primary brain and CNS cancers are expected to kill 17,760 adults (9,910 men and 7,850 women) in 2019.

• Upsurge in incidence of traumatic brain injuries

The global neurology ultrasonic aspirators market is being driven by an increase in the prevalence of traumatic brain injuries. Centers for Disease Control and Prevention, said that the number of traumatic brain injuries (TBI) in the United States is increasing each year. These injuries are treated with a variety of equipment, including neurological ultrasonic aspirators. This helps to fuel the market's growth. In 2014, 2.87 million traumatic brain injury-related emergency department visits, hospitalizations, and deaths occurred in the United States, with 837,000 injuries happening in children, according to the Centers for Disease Control and Prevention.

• Growing abnormalities and brain diseases

Factors like cost-cutting, decreased overnight stay pricing, well-established healthcare facilities, and the availability of highly experienced neurosurgeons will drive the market from 2022 to 2029. The market is also projected to be fueled by the adoption of technologically advanced medical types. Due to rising disease prevalence, more government initiatives, and numerous awareness activities by NGOs, increased payments for new technologies and surgical treatments have a favourable impact on regional growth.

• Technological advancements

The technology behind neurology ultrasonic aspirators is continually improving, resulting in improved performance and efficiency when compared to standard surgical treatments. In the next years, this is anticipated to boost demand for neurology ultrasonic aspirators, among other things.

Opportunities

• Increased adoption of minimally invasive surgical procedures

The increasing prevalence of neurological diseases or disorders and the availability of medical reimbursements. Furthermore, the market is likely to benefit from the introduction of wireless ultrasonic aspirators and quickly advancing technology over the projection period. The high cost of surgical procedures, on the other hand, is a key disadvantage that could stifle the industry's future growth.

• Increasing incidence of neurological disorders

The prevalence of neurological illnesses is rapidly growing. Changes in lifestyle and food choices, rising pollution levels, and rising stress levels contribute. This is expected to stimulate demand for neurology ultrasonic aspirators in the next years. More people are becoming aware of modern therapy options: People are becoming more aware of improved therapy options for many neurological illnesses.

Restraints/Challenges

• Lack of awareness about the availability of these devices

The global neurology ultrasonic aspirators market is restrained by a lack of understanding regarding the devices' availability and associated therapies. As a result, many prefer alternative treatments that are more well-known.

This neurology ultrasonic aspirators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neurology ultrasonic aspirators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Neurology Ultrasonic Aspirators Market

COVID-19 has slowed the market for Neurology Ultrasonic Aspirators significantly since last year, and this trend is expected to continue through 2021. Massive industrial countries, which are severely affected by the spread of the coronavirus, have seen a surge in demand for Neurology Ultrasonic Aspirators. This industry's raw materials to end-users will be scientifically examined and the trends in product circulation and sales channel.

Global Neurology Ultrasonic Aspirators Market Scope

The neurology ultrasonic aspirators market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

• Standalone Neurology Ultrasonic Aspirators
• Integrated Neurology Ultrasonic Aspirators

End-User

• Hospitals
• Ambulatory Surgical Centres
• Others

Neurology Ultrasonic Aspirators Market Regional Analysis/Insights

The neurology ultrasonic aspirators market is analysed and market size insights and trends are provided by country, type and end user as referenced above.

The countries covered in the neurology ultrasonic aspirators  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominated the market in 2017. The region is likely to maintain its dominance over the forecast period, owing to increased demand for technologically sophisticated medical equipment and rising healthcare expenditure. Additionally, an increasing number of research projects by neurology departments across the United States, Canada, and Mexico are predicted to boost regional market expansion over the forecast period.

Increased knowledge of neurological illnesses, combined with rising disposable income, is predicted to drive growth in the Asia Pacific region over the next few years, particularly in developing countries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The neurology ultrasonic aspirators  market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurology ultrasonic aspirators  market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurology ultrasonic aspirators  market. The data is available for historic period 2010-2020.

Competitive Landscape and Neurology Ultrasonic Aspirators Market Share Analysis

The neurology ultrasonic aspirators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to neurology ultrasonic aspirators market.

Some of the major players operating in the neurology ultrasonic aspirators market are:

• Stryker (U.S.)
• Integra Lifesciences (U.S.)
• Springs Gmbh (Germany)
• Cybersonics, Inc (U.S.)
• META Clinical Services (U.S.)
• Olympus Medical Systems India Private Limited (U.S.)
• Cooper Corp. (U.S.)
• Xcellance Medical Technologies Private Limited (Canada)